Finish Line (FINL) Misses Q4 EPS by 21c, Comps Decline 4.5%

(Updated - March 24, 2017 7:15 AM EDT with guidance)

Finish Line (NASDAQ: FINL) reported Q4 EPS of $0.50, $0.21 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $557.5 million versus the consensus estimate of $550.46 million.

Finish Line comparable sales decreased 4.5%.

Outlook

The fiscal year ending March 3, 2018 is a 53 week year. For the fiscal year ending March 3, 2018, Finish Line expects comparable sales to increase low-single digits and earnings per share to be in the range of $1.12 to $1.23 which is an increase of approximately 6% to 16% compared with the $1.06 Non-GAAP diluted earnings per share in this fiscal year ended February 25, 2017, which was a 52 week year. We estimate the additional week will contribute approximately $0.06 per share to our fourth quarter and full year fiscal 2018 results.

(Street sees FY EPS of $1.46)

For earnings history and earnings-related data on Finish Line (FINL) click here.

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